Predictive analytics
- Accuracy of the prediction
- Factors to be considered For predictive analytics
- Improvements needed to be implemented for higher Accuracy
- Determining possible number of frauds
- How likely to fraud happen
- Detects new and evolving fraud attacks
- Areas which more likely have fraud incidents
- How demand varies with Time, Money
- Needs of customer
- Improvements to be implemented to Fulfil the customer demands
- How a customer has contributed
- Forecast profitability
- Determining the region of improvement for growth
- Customer Acquisition budget
- How fast orders of customer are processed
- Measures that can be taken for faster processing the orders
- Factors that delay the order cycle time
Automotive
- Revenue Per Hour over a period of Time
- Actively work on optimizing your business processes
- Collect and Analyse the data on a regular basis helps reveal and eliminate obvious process flaws
- Analyse the Customer Retention over a period of time
- Identify the reasons for churn and avoid customer loss and maximize customer potential
- Build better customer relationships and improve marketing strategies
- Gross Profit over a period of Time
- Determine the reasons why the gross profit changes from period to period
- Reduce the expenses to achieve a higher gross profit margin
- Time Taken per Repair Order by vehicle characteristics
- Optimal resource allocation
- Quality of service and customer experience
- Time taken to complete the process
- Identify factors that impact a longer lead time
- Improve lead time by implementing automation
Supply Chain
- Measure the difference between your records of warehouse stock and real-life inventory
- Prevent stockouts, shortages, shrinkage
- Control inventory quality. Maintain a positive customer experience
- Keep a track on your delivery status for better customer experience
- Identify the reason and minimize late deliveries
- Improves sustainability
- Measure how many orders you ship without incidents like damaged goods, inaccurate orders or late shipments
- Implement order prioritization procedures based on delivery date for a better Perfect Order Rate
- Add Quality Check practices to multiple order fulfilment processes
- Measure the amount of inventory at a given time/year-wise compared to the number of sales orders it’s fulfilling
- Adjust your stocks to maintain high margin
- Improves efficiency and profits and provides a competitive advantage
- Calculate the average delivery time based on the distance to be covered
- Predict a more accurate delivery time to gain customer satisfaction
- Helps optimize your business processes and make better decisions
